Zip Closes $100 Million in Debt Funding From Victory Park Capital

Zip Co Limited, a leading player in the digital retail finance and payments industry, announced today it has closed a A$100 million debt funding agreement with Victory Park Capital (“VPC”), a leading global alternative investment firm. Zip offers point-of-sale credit and digital payment services to the retail, home, health, automotive and travel industries. This is Zip’s second transaction with VPC, having closed a A$108 million asset-backed warehouse facility with the firm in 2015 that later grew to A$200 million, making VPC one of Zip’s earliest partners.